Australia’s private-sector activity returned to contraction in October, with PMI Composite falling from 51.3 to 47.7, its lowest level since March and the first decline in five months. The deterioration was driven primarily by PMI Services, which dropped from 51.9 to 47.8, marking its first contraction since May. PMI Manufacturing edged up from 49.6 to […]The post Australia PMI Composite Slumps to 47.7 as Price Pressures Intensify appeared first on ActionForex.